This week’s continuous shareholder disclosure law reform was a major victory for the Treasurer, but it wasn’t his first move in the class action chess game. Nor is it likely to be his last.
Class-action lawsuit calls for jewellery and gemstone businesses Posted August 03, 2021 | By Arabella Roden ⢠Editor Gordon Legal, which is representing a number of retailers against insurance company Lloyds of London, has called for more businesses to join the class-action lawsuit.
The focus of the class-action – which was launched in July – is business interruption insurance policies, underwritten by Lloyds of London, and whether or not they provide protection against closures mandated by the COVID-19 pandemic. We believe that the insurers have wrongly denied claims to thousands of jewellery businesses and gem merchants, and failed to support them when they needed it most
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As litigation funding progresses at varying speeds in different jurisdictions, the UK market has reached a level of maturity. But it remains dynamic and has much further to progress. According to a report published by RPC in March, the combined value of court cases in the pipeline and cash assets directly held by UK litigation funders reached a new high of £2bn last year. Expectations are that this figure will continue to increase.
Ian Madej
When the criminal convictions of 39 former British postmasters were quashed in April, the FT headline ran: ‘Post Office scandal shows value of litigation funds’, followed by a comment underneath: ‘When it comes to challenging appalling behaviour by a deep-pocketed establishment entity, some private firepower is essential.’